Purpose of and Consideration for Indenture Sample Clauses

The "Purpose of and Consideration for Indenture" clause defines the fundamental reason for entering into the indenture agreement and outlines the value or consideration exchanged between the parties. Typically, this clause clarifies that the indenture is established to secure the interests of bondholders and to formalize the obligations of the issuer, such as the repayment of principal and interest. By explicitly stating the purpose and consideration, the clause ensures that the legal basis for the agreement is clear and enforceable, thereby reducing the risk of disputes over the validity or intent of the indenture.
Purpose of and Consideration for Indenture. 1 ARTICLE ONE
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Purpose of and Consideration for Indenture. . . . 1 ARTICLE ONE
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Purpose of and Consideration for Indenture. 1 DEFINITIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
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Purpose of and Consideration for Indenture 
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Related to Purpose of and Consideration for Indenture

  • Provisions of Indenture for the Sole Benefit of Parties and Securityholders Nothing in this Indenture or in the Securities, expressed or implied, shall give or be construed to give to any person, firm or corporation, other than the parties hereto and their successors and the Holders of the Securities, any legal or equitable right, remedy or claim under this Indenture or under any covenant or provision herein contained, all such covenants and provisions being for the sole benefit of the parties hereto and their successors and of the Holders of the Securities.

  • Relation to Base Indenture This Supplemental Indenture constitutes an integral part of the Base Indenture.

  • Transfer or Exchange of Beneficial Interests for Definitive Notes If any holder of a beneficial interest in a Global Note proposes to exchange such beneficial interest for a Definitive Note or to transfer such beneficial interest to a Person who takes delivery thereof in the form of a Definitive Note, then, upon satisfaction of the conditions set forth in Section 2.06(b) hereof, the Trustee will cause the aggregate principal amount of the applicable Global Note to be reduced accordingly pursuant to Section 2.06(g) hereof, and the Issuer will execute and the Trustee will authenticate and deliver to the Person designated in the instructions a Definitive Note in the appropriate principal amount. Any Definitive Note issued in exchange for a beneficial interest pursuant to this Section 2.06(c) will be registered in such name or names and in such authorized denomination or denominations as the holder of such beneficial interest requests through instructions to the Registrar from or through the Depositary and the Participant or Indirect Participant. The Trustee will deliver such Definitive Notes to the Persons in whose names such Notes are registered.

  • Persons Having Rights Under Warrant Agreement Nothing in this Agreement shall give to any person other than the Company, the Warrant Agent and the holders of the Warrant Certificates any right, remedy or claim under or by reason of this Agreement.

  • Application by Trustee of Funds Deposited for Payment of Securities Subject to Section 9.04 and any subordination provisions applicable to the Securities, all moneys deposited with the Trustee pursuant to Section 9.01 shall be held in trust and applied by it to the payment, either directly or through any paying agent (including the Issuer acting as its own paying agent), to the Holders of the particular Securities of such series for the payment or redemption of which such moneys have been deposited with the Trustee, of all sums due and to become due thereon for principal and interest; but such money need not be segregated from other funds except to the extent required by law.